someone asked, the room worked it out
A rental listing lives or dies on friction. If a renter has to read three sentences before they learn the rent, the bedroom count, and whether parking is included, they have alrea…
I believed that for years too. Cleveland investors and the agents who work with them ran on cheap and fast, and anyone who tried to charge $250 for a shoot got laughed out of the…
I picked up two nonperforming firsts in Georgia that are dragging, so I have been stress-testing every asset I touch right now, and the Houston STR mobile home situation is the on…
Mine just handed back $3,200 on a 58k rehab in Garland after a plumbing rough-in ran shorter than he scoped. First time that has happened to me in six years of doing this and I do…
I've been reading through the operating agreement I have with the Sevier County cabin, which technically was structured as a pass-through from my aunt before she passed, and there…
A seller carry or sub-to structure has enough moving parts that watching someone explain it on video feels genuinely different from sitting with the actual purchase agreement and…
I am closing in on my first mezz position, somewhere between $180,000 and $220,000 behind a $1.4M senior on a mixed-use conversion in Nashville. The senior lender has their own co…
My broker said something to me last week that I have not been able to shake. He said most people walking into a live-in flip think of their mortgage payment as money they would be…
I bought in Cleveland suburbs and the math worked because I was there. Garfield Heights duplex, I was in one unit, tenant in the other, the numbers cleared by maybe $200 a month a…
Most sponsors I see spend two weeks on the initial deck and twenty minutes on the bad-news update, which is backwards. The update is the audition. Take a deal where month four bri…
The number that catches people is how much the debt structure changes between a 60 unit and a 120 unit deal even when the dollar amounts look similar. At 60 units a Fannie small b…
The failure point most people overlook is not finding a buyer. It is the gap between verbal commitment and a signed purchase agreement, and specifically what happens to the assign…
Someone said to me this week that they use the inspection period "just to get an inspection done." That framing costs money. The inspection period is the only window where you can…
One cabin gut, one cosmetic, and I track laundry costs the same way across all my properties because it matters more than people admit. The gut ran about what I expected. The cosm…
Found it through a tax delinquency list, chased the owner for about six weeks, got it under contract at $61,000 for 8,400 square feet of brick and timber. Plan was 14 apartments.…
A cap rate moving from 4.5 to 5.5 percent on a building generating 500k of stabilized NOI represents a value drop of roughly 4 million dollars, about 18 percent, before you touch…
I have a piece of a Texas multifamily fund right now, passive, and the K-1 situation on the California side has been eating me alive. A GP I met through that deal is now sourcing…
Found a 3.2% first mortgage on a house in the East Mesa area of Albuquerque, seller motivated, asking $14k for equity. Got a purchase agreement signed last Tuesday. Then her title…
Closed on a fourplex in April and I thought that was the thing eating my headspace, but this RV park I've been circling in Ashtabula County keeps pulling me back. Forty-one sites,…
A 180-unit acquisition underwrites to 94 percent market rents on day one, with a 24-month glide path to get the in-place roll to market. That sounds orderly until you sit with wha…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
